Change - Announcement of Cessation::Retirement of Executive Chairman - Mr Teo Chiang Long

Issuer & Securities

Issuer/ Manager
SINGAPURA FINANCE LTD
Securities
SINGAPURA FINANCE LTD - SG1M01001924 - S23
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Feb-2024 18:03:43
Status
New
Announcement Sub Title
Retirement of Executive Chairman - Mr Teo Chiang Long
Announcement Reference
SG240229OTHRJUTG
Submitted By (Co./ Ind. Name)
Lee Tiong Hock
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Retirement of Mr Teo Chiang Long as Executive Chairman.

Additional Details

Name Of Person
TEO CHIANG LONG
Age
80
Is effective date of cessation known?
Yes
If yes, please provide the date
29/02/2024
Detailed Reason (s) for cessation
As part of board renewal, the Company wishes to announce the retirement of Mr Teo Chiang Long as Executive Chairman of the Company.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
10/03/1981
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
7
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
3
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman
Role and responsibilities
Executive Chairman
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Father of CEO Mr Jamie Teo and Non-Independent Non-Executive Director Christopher Teo.

Director of See Hoy Chan (1988) Pte Ltd and Teo Hang Sam Realty Sdn Bhd which are substantial shareholders and related corporations of the Company.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Direct Interest - 5,622 ordinary shares

Deemed Interest - 82,933,496 ordinary shares through his spouse Lo Pia Leng and his shareholdings in See Hoy Chan (1988) Pte Ltd, Teo Hang Sam Realty Sdn Bhd, Teo Soo Chuan Pte Ltd
Past (for the last 5 years)
1. SBS Realty Services (Private) Limited
2. Ngee Ann Education Holdings Pte Ltd
3. Ngee Ann Academy Pte Ltd
4. Ngee Ann Institute of Higher Education Pte Ltd
5. Ngee Ann Development Private Limited
6. Ngee Ann Cultural Centre Limited
7. Ngee Ann Traditional Chinese Medicine Centre Limited
8. RE Properties Pte Ltd
9. Ngee Ann ECE Pte Ltd
10. Singapore Teochew Foundation Limited
11. Bright Vision Hospital
12. NAD Triple Funds Pte Ltd
13. Vault @ 268 Pte Ltd
14. Ngee Ann Property Management Pte Ltd
Present
1. Singapura Finance Ltd
2. Teo Soo Chuan (Private) Limited
3. Teo Soo Chuan (M) Sdn Bhd
4. SBS Nominees Private Limited
5. Teo Hang Sam Realty Sdn Bhd
6. Teo Soo Chuan Realty Sdn Bhd
7. Teo Soo Chuan Holdings Sdn Bhd
8. Teo Soo Chuan Development Sdn Bhd
9. Teo Soo Chuan Properties Sdn Bhd
10. See Hoy Chan (1988) Private Limited
11. Hotel Malaya Sdn Bhd
12. Hotel Malaya Holdings Sdn Bhd
13. High Luck Pte Ltd
14. Le Grande Vista Pte Ltd
15. Capitol Hill Holding Pte Ltd
16. See Hoy Chan Hub Pte Ltd